Videos & Podcasts

Macro Matters

Term Premium and What the Fed Thinks About It

As at 13 October 2023

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In this video Gavyn Davies, Executive Chairman and Co-founder of Fulcrum Asset Management and Andy Bevan, Partner, and Economic Advisor discuss:

  1. What do we really mean by the term premium and what are the principal drivers increasing it
  2. A look back at some historical experiences where there have been major imbalances between demand and supply that have impacted the term premium
  3. How the Fed will be approaching the impact of tightening in financial conditions and what it entails for future policy decisions
  4. CPI and the outlook for a likely rate rise in November and December

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